Tag: Mexico
Major automakers Toyota, Honda, FCA extend factory closures
Toyota, Honda and Fiat Chrysler Automobiles will not reopen North American factories at the end of the month as planned, as the COVID-19 disease spreads and dampens demand for new cars, trucks and SUVs. FCA said Thursday that plants across the U.S. and Canada, as well as headquarters operations and…
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Fiat Chrysler to start producing 1 million face masks a month
Fiat Chrysler Automobiles said Monday it will start manufacturing face masks in the coming weeks and donate the critical medical equipment to first responders and health care workers — the latest automaker to direct its manufacturing expertise towards the COVID-19 pandemic. The automaker confirmed to TechCrunch that production capacity is…
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Honda to shut down North American factories for six days
Honda said Wednesday it will shutter all of its North American factories for six days due to an expected decline in the market related to the economic fallout from the spread of COVID-19, a disease caused by coronavirus. The stoppage will affect about 27,600 Honda employees in North America, all…
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American Airlines cuts long-haul international flights by 75%
American Airlines said it will suspend 75% of its long-haul international flights from the U.S., beginning March 16 in response to decreased demand and government travel restrictions put in place to lessen the spread of COVID-19. American Airlines had already reduced its capacity. This latest move, which was announced Saturday…
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Visa partners with Paga on payments and fintech for Africa and abroad
Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico. The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills…
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South African fintech startup Jumo raises second $50M+ VC round
South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed. Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets. This week’s…
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